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C - Citigroup - Page 420

post #8381 of 8500

A good time to get out, I picked some up today.rotfl.gif

post #8382 of 8500

Typically a RS is not good, there have been examples in the recent past that did work, but the norm is for them to fall back.

 

Bottom line is, if you believe in C and the financial sector, keep trading as you always do and dont worry. Personally I think the banks are overdone here, so regardless of a RS or not, I think C has some downside.

 

post #8383 of 8500

thanks i've told my father to set a tight trailing stop, get out before the R/S troubles
 

Quote:
Originally Posted by StockJock-e View Post

Typically a RS is not good, there have been examples in the recent past that did work, but the norm is for them to fall back.

 

Bottom line is, if you believe in C and the financial sector, keep trading as you always do and dont worry. Personally I think the banks are overdone here, so regardless of a RS or not, I think C has some downside.

 



 

post #8384 of 8500

I guess we all knew the RS was coming and this will most likely benefit C long term.In the meantime, I believe there are regional banks that are better trades and/or investments that are less expensive and pay higher dividends. One such bank that I currently own is VLY.

post #8385 of 8500

Ill stick tough with my BMO

but I was very interested in buying long term options.......

post #8386 of 8500

Was it Goldman who did a R/S and the price went up? I think C is getting their act together and this could be a good time to buy, or after the split. However, the bus may have left by that time. The dividend should also offer some protection against shorting, although at  1 cent I don't know how much.

 

post #8387 of 8500
Quote:
Originally Posted by jh664322 View Post

Was it Goldman who did a R/S and the price went up? I think C is getting their act together and this could be a good time to buy, or after the split. However, the bus may have left by that time. The dividend should also offer some protection against shorting, although at  1 cent I don't know how much.

 



Everyone and their mother says the r/s is a good thing (including me) that's why I would wait until afterward to buy. thumbup.gif

post #8388 of 8500

sorry if I missed this but did they disclose the date of the reverse split? if so, when? smile.gif

post #8389 of 8500

I believe the reverse split happens after the close on May 6th.

post #8390 of 8500

Why after?


 

post #8391 of 8500

im going to stay out untill after the r/s and hope for the drop.   hopefully the day before the r/s the price will drop more.

post #8392 of 8500

Out Of Business.....BWAAAAA HAAAAA HAAAA HAAAAAAArotfl.gif

post #8393 of 8500
Quote:
Originally Posted by canamaican View Post

Out Of Business.....BWAAAAA HAAAAA HAAAA HAAAAAAArotfl.gif



Troll. GTFO??

post #8394 of 8500

with tomorrow being the big day have there been any  big sell offs yet or are people buying this up.   I cant see that type of info.  thanks

post #8395 of 8500
Quote:
Originally Posted by jr.trader View Post

with tomorrow being the big day have there been any  big sell offs yet or are people buying this up.   I cant see that type of info.  thanks



If you're referring to the reverse split, it takes place May 6th after the close; so another month.

post #8396 of 8500
Quote:
Originally Posted by jbrand1 View Post





If you're referring to the reverse split, it takes place May 6th after the close; so another month.

 

 

 

OH YA!  April before May idiot.  jessssussss



 

post #8397 of 8500

Good morning here thus far...


 

post #8398 of 8500

 

After ths split you will see this stock price rise and you will see a good rise as well. Watch and see.http://www.arabianbusiness.com/prince-alwaleed-backs-citigroup-s-cash-dividend-plan-392879.html

 

 

post #8399 of 8500

so after the 10/1 split this price is going to be in he 40's. is that right

 

post #8400 of 8500

It's 1:10 and yes,if it closes at 4.00,the stock would be 40.00.  Just think,you would be earning $.01 per share.banana.gif

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